NVIDIA Stock Price Analysis | Top $NVDA Levels To Watch for May 16th, 2025

Summary

Carrie Artac provides an insightful analysis of Nvidia's stock movements in her May 16th, 2025, report. She discusses key price levels and trends, highlighting the significance of settling above important channel structures and the potential for continued gains, with a target of 15313 within the next few weeks. Artac also covers short-term price action, predicting a potential pullback into the low 120s before further upward momentum. She emphasizes a bullish outlook for the medium to long term, with an eventual target of 170.46. Additionally, she invites viewers to explore stock picks and other resources on wickedtocks.com.

Takeaways

• 😀 Nvidia settled above key technical levels three weeks ago, indicating a potential rally towards 15313 in 3-5 weeks.
• 😀 The breakout above the 4-month descending channel top and the rising 9-month channel bottom has been crucial for the current momentum.
• 😀 The closing above the descending 2/3 speed line at 120.73 on Monday suggests a potential price target of 13942 in the short-term.
• 😀 Short-term traders (3-5 days) should consider taking profits at 13942, with a potential pullback to 12772.
• 😀 Longer-term traders (2-3 weeks) should sell at 13942, anticipating a move back to the 120s or low 110s.
• 😀 Significant support exists around the 120.73 speed line and the rising channel bottom at 110.36, providing an opportunity for long-term buys.
• 😀 A rally to 15313 is expected within the next 1-2 weeks if Nvidia closes above 13942, signaling a bullish trend.
• 😀 If 13942 acts as resistance, a bearish rotation could bring prices back to the upper 110s within the next 2-3 weeks.
• 😀 The longer-term target for Nvidia could reach 170.46 by the third or fourth quarter of the year if the bullish trend continues.
• 😀 This week’s stock picks from Wicked Stocks include EQT and Wingtop, which can be viewed with a 5-day free trial at wickedtocks.com.

Q & A

What significant technical levels were highlighted in the Nvidia report?

The report highlights key levels such as the 9-month rising channel bottom at 11274, the 4-month descending channel top at 108.25, and the descending 2/3 speed line at 120.73, which were critical in identifying momentum shifts in Nvidia's stock price.

What was the key breakout event three weeks ago for Nvidia's stock?

Three weeks ago, Nvidia's stock broke above two important channel structures: the 9-month rising channel bottom at 11274 and the 4-month descending channel top at 108.25, signaling a potential reversal in momentum.

What price level is currently serving as a resistance target for Nvidia in the short term?

The key resistance level for Nvidia in the short term is **139.42**, which is expected to be tested within 1 to 2 weeks. This level is critical for determining whether the stock will continue to rise or face a pullback.

What is the suggested action for swing traders with positions above 120.73?

For swing traders with positions above 120.73, it's advised to take profits as Nvidia approaches the resistance level at **139.42**. A pullback into the low 120s is possible, and this is a key point for profit-taking.

What is the significance of closing above the 139.42 level for Nvidia's stock?

A close above **139.42** would indicate a bullish continuation, with the next target being **153.13**, which could be reached within 2-3 weeks. A break above this level suggests that Nvidia's stock might continue its upward trend in the medium term.

What should 2-3 week swing traders expect if they sell at 139.42?

Swing traders who sell at **139.42** should expect a bearish rotation back to the **120.73** level over the next 2-3 weeks, potentially dropping into the **upper 110s**. This pullback is a common reaction before further upward movement.

What is the longer-term target for Nvidia if it breaks above 139.42?

If Nvidia breaks above **139.42** and sustains that level, the next longer-term target is **153.13**, followed by **170.46**, which could be reached within the next 3-5 months as the stock continues its upward momentum.

What was the impact of the tariff discussions between the US and China on Nvidia's stock?

The breakthrough in tariff discussions between the US and China had a positive impact on Nvidia’s stock, as it contributed to the momentum that led to breaking above key resistance levels earlier this week.

What is the suggested strategy for traders who are looking for a long-term buy in Nvidia?

Long-term traders can consider buying Nvidia in the **116-117** area, which is where the rising channel bottom and the descending 2/3 speed line converge in the next two to three weeks. This is considered a solid support zone for a longer-term buy.

How does the analysis in this report differ between short-term and long-term trading strategies?

In the short term, traders are advised to take profits around **139.42** and anticipate a pullback to the low 120s. For long-term traders, the focus is on higher targets like **153.13** and **170.46**, which are expected to unfold over the next 2-3 months, with an eventual upward breakout.